Is a recession coming? It is the most haunting question in the financial world at present. According to Wells Fargo securities’ report, the probability of recession has exceeded 50% in four out of the past 5 quarters. Therefore, the report’s analysis points towards a higher probability of a recession within the next year.
It is a commonly known fact that whenever a recession strikes with force, people across the globe embark on a quest to find an optimal hedge to protect their wealth. Historically, Gold has fulfilled this role, and more recently, Bitcoin has emerged as a notably effective hedge against economic uncertainties. But, recent findings reveal that the risk associated with Bitcoin has surpassed that of traditional stocks. In light of this situation, can other cryptocurrencies in the presale ecosystem function as a safety net? Let’s explore the possibilities with Shibie and DogeMiyagi (MIYAGI), two tokens currently in the presale phase, as examples.
Shocking Cryptocurrency Market News – Bitcoin Beats Stock Market Risk Level
Bitcoin, the savior of investors who navigate between traditional and alternative financial markets to maximize benefits, is currently struggling to serve as an effective hedge against the looming recession. The risk associated with BTC is currently higher than the stock market index comprising 30 prominent companies listed in the US. It is crucial to note that Bitcoin’s volatility is also three times that of the stock market index. According to Bloomberg Commodity expert Mike McGlone, Bitcoin’s current situation could carry bearish implications. Hence, the upcoming recession poses a significant challenge for Bitcoin investors. In this scenario, can cryptocurrencies in the presale ecosystem serve as better hedges, as Bitcoin did in the past?
Barbie On The Big Screen Not Enough? Dive Into Shibie For More Fun!
As Barbie fever takes hold in the real world, Shibie is making waves in the virtual realm. The meme of a Shiba Inu dog sporting a blonde wig and rose blush is capturing the DeFi world’s attention with its humorous demeanor. Shibie has set its sights on raising $999,999 during its pre-sale phase, involving the sale of 60% of its total token supply. Riding the hype around Barbie in Plastic, Shibie in DeFi has already raised over $230K in funds so far.
DogeMiyagi – This Karate-Master Can Break Your Fall!
Just as Shibie takes inspiration from Barbie, DogeMiyagi draws inspiration from the renowned Karate Master MIYAGI from the iconic movie The Karate Kid. Similar to the top dogs of the meme coin market, DogeMiyagi is also a dog-themed cryptocurrency. The only distinction is that MIYAGI knows self-defense.
Currently, in the presale stage, DogeMiyagi is offering its native token MIYAGI at an extremely affordable price. Operating on the Ethereum blockchain, it can leverage all the advanced features in the blockchain to ensure seamless service. But that’s not all, DogeMiyagi’s future plans encompass the launch of a decentralized exchange, allowing investors to effortlessly swap MIYAGI tokens for other ERC-20 tokens. An innovative NFT collection is also brewing in MIYAGI’s doggy bowl. Thus, getting in early on this project could potentially yield more wealth in the future.
Why Opt For Tokens In The Presale Phase?
Now that we have delved into Shibie and DogeMiyagi, it is time to understand why they might serve as more effective hedges against economic uncertainties compared to Bitcoin. It is crucial to understand that during the presale phase, crypto projects sell their tokens at a fixed price. Although the price might increase as the presale advances, contingent on the project’s policy, it will not decrease during this phase. Even economic uncertainties or market trends cannot alter the token’s price during the presale stage. Thus, it remains free from market volatility. As such, your investment has only two possible options: It could rise alongside the token’s price or remain at the same level until the token’s launch. This aspect is what makes presale tokens like Shibie and DogeMiyagi superior hedges.
DogeMiyagi:
Website: https://dogemiyagi.com
Twitter: https://twitter.com/_Dogemiyagi_
Telegram: https://t.me/dogemiyagi